real estate

  • real estate

    Baby Donald Trump Launching An Indian Real Estate Fund

    The son of Donald Trump is also called Donald Trump, and now he is following his father’s footsteps by attaching his name to a financial company that will speculate on real estate. Two years ago, Donald Trump launched a mortgage company that would focus on luxury properties. It failed dramatically when the housing market crashed. […]

    / Jul 22, 2008 at 3:39 PM
  • real estate

    Housing Crash: Nothing To Get Upset About?

    In our more contrarian moods we like to point out to people that a real housing crisis would involve mass homelessness rather than a surplus of homes pushing down housing values. And when we get really cranky we go all generational war about it: “Well, this just means we’ll get to buy those baby boomers’ […]

    / May 22, 2008 at 2:36 PM
  • Ben Bernanke, Fed, real estate

    Bernanke Ups The Bailout Ante

    We’ve finally gotten around to reading the words that the Bearded One spoke at Columbia Business School on Monday night. Stitching together his various proposals, it’s clear that Ben Bernanke has become a partisan of big government. The way we read it, he pretty much calls for the federal government to bailout lenders who have […]

    / May 7, 2008 at 10:30 AM
  • real estate

    Scenes From The Las Vegas Housing Meltdown

    Despite what your crazy uncle or Warren Buffett says about housing prices, the residential real estate market in many areas of the US is still in a lot of trouble. Doug French, an executive vice president of a Nevada bank, spent Derby day at a housing auction in Las Vegas and what he saw wasn’t […]

    / May 6, 2008 at 7:49 AM
  • real estate

    Pending Home Sales Down By Nearly 25%

    Compared to December a year ago, pending home sales were down 24.2 percent. The National Association of Realtors Pending Home Sales Index, based on contracts signed in December, dropped to 85.9 from 87.2. These are the deals that are expected to close in January and February. House signings were down further than demographic and employment […]

    / Feb 7, 2008 at 1:35 PM
  • real estate

    Manhattan Real Estate Takes A Dip
    Did Tishman and Blackrock Overpay For Stuy Town?

    The notion that troubles on Wall Street are starting to filter out to the broader New York City economy got a boost this morning when a real estate group released its latest rental market report showing that all average apartment rents decreased in October. The downturn in rents was most sharply felt in doorman one […]

    / Oct 22, 2007 at 10:21 AM
  • Goldman Sachs, great ideas, Lehman, Morgan Stanley, real estate

    Are You Douches Going To Take This Sitting Down?

    Real estate blog Curbed recently sat down with an investor in the field to discuss whether or not Andre Balazs’ High Line-squatting Standard Hotel is symptomatic of a developmentification of Manhattan that’s turning the island into a place where only utterly lame (but sufficiently rich) people will live. A simple ‘yes’ would’ve sufficed, but the […]

    / Sep 26, 2007 at 2:49 PM
  • Citigroup, Hedge Funds, real estate

    Citigroup Hedge Head, Untroubled By Losses, Takes ‘Odd Couple’ Fetish One Step Further

    He’s got all the re-mastered DVDs. He hosts ‘TOC’ marathons with Chuck Prince and Sandy Weill, drawing straws to determine who has to prepare the Chex Party Mix. He’s written op-ed pieces about Felix Unger’s sexual ambiguity. Two summers ago, he laid out $15,000 at a silent auction for a lock of Jack Klugman’s hair. […]

    / Sep 26, 2007 at 11:45 AM
  • real estate

    Subprime NYC
    Could Wall Street Woes Sink NYC Real Estate?

    Manhattan has largely been immune to the direct effects of the mortgage problems that are plaguing many areas of the country. In the first place, there are few subprime mortgages here, in part because real estate is so costly and in part because many co-ops and condos require would-be buyers to demonstrate a high level […]

    / Sep 11, 2007 at 10:45 AM
  • real estate

    An Implosion Is a Wish Your Website Makes

    From the CFO Blog, the Implode-O-Meter is a website that tracks mortgage lenders that blow up. The site hit 100 “imploded” lenders yesterday, although one company insists that the reports of its implosion were greatly exaggerated, and is suing the Implode-O-Meter as a result. Loan Center of California (LCC) was deemed an explosion last month […]

    / Jul 19, 2007 at 11:39 AM
  • real estate

    Step Into My Ridiculously Expensive Office, Baby

    From Fintag – Check out these office real estate prices in Europe (from IVG). London office rent is off the charts, and scaled down accordingly to make pricey rival cities feel a little better. The average monthly rent for an office in London is twice that of Paris and nearly three times that of Moscow, […]

    / Jul 6, 2007 at 3:10 PM
  • Blackstone, Blackstone Group, Equity Office Properties, real estate

    Blackstone’s Real Estate Bonanza

    It’s widely known that Blackstone had a powerful real-estate arm. Its $39.2 billion purchase of Equity Office Properties broke records and made headlines for weeks. The firm manages six general real estate funds and two internationally focused real estate funds, and has somewhere in the neighborhood of $20 billion of assets under management for its […]

    / May 22, 2007 at 4:48 PM
  • CNBC, Maria Bartiromo, real estate

    Maria Bartiromo Is A Closer

    CNBC’s Money Honey has a new hive, the New York Observer’s “Manhattan Transfer” column reported today. Maria Bartiromo and husband Jonathan Steinberg have closed on a five-level townhouse on East 62nd Street. The price-tag: $6.5 million, the Observer says. Here are the details, according to the Observer. The five-bedroom house, east of Third Avenue, has […]

    / Apr 11, 2007 at 11:06 AM
  • bankruptcy, New Century, real estate

    Early Reactions To The End of the Century

    As we reported this morning, one time mortgage king New Century has tumbled all the way down into bankruptcy. It will now be up to the courts, the creditors and the management to see if they can put this shattered egg-shell of subprime loans back together again. Some quick reactions from around the blogs: DealBook […]

    / Apr 2, 2007 at 2:46 PM
  • banking culture, real estate, Summer

    Signs of Financial Euphoria: Hamptons Real Estate

    Get ready for the worst summer ever. Apparently the best rentals out on the East End are already gone. The little Gatsbys of the world have hoovered them up with this year’s giant bonuses, according to the New York Sun. “The market is incredible. It’s the best couple months we’ve had, probably since 2003,” a […]

    / Mar 29, 2007 at 2:15 PM
  • Citi, real estate

    Something You Can Bank On…

    …is that there are a whole lot of banks in this city, according to Observer scribe-cum-Master of Recon, Chris Shott. And get this: there’s about to be—and here’s where the story gets crazy– one more. That’s right: New York, Lexington Avenue between 58th and 59th streets, in the Bloomberg Tower, to be exact, is about […]

    / Jan 25, 2007 at 10:31 AM
  • real estate

    How To Do Everything Wrong In Real Estate

    Casey Serin’s story is being treated as a morality tale of greed and hubris gone wrong. Oh, and maybe a dash of stupidity thrown in. And no doubt there’s a fair amount of that. But reading the story, keep in mind that it was easy access to debt—helped along by a generous federal reserve—that financed […]

    / Oct 24, 2006 at 2:14 PM
  • Hank Paulson, real estate, Treasury

    Paulson’s Move To DC Still Paying Off

    Hank Paulson got a pretty sweet leaving package when he stepped down from running Goldman Sachs to take the job as George Bush’s Treasury Secretary. And now his move down to Washington, DC is looking even sweeter. Eight million dollars sweeter. U.S. Treasury Secretary Henry Paulson, the former chief executive officer of Goldman Sachs Group […]

    / Oct 23, 2006 at 2:27 PM
  • Banks, Duke, real estate

    Duke Lax/Banking R-Squared = .999999999

    Jossip confims our earlier report about the probable end-destination for Duke lacrosse players–investment banking: While we’re still sorting out which Wall Street financial house has the unlucky fortune to be associated with Evans (perhaps we’ll let Dealbreaker.com in on the fun), we do know he was already apartment hunting, looking for a three bedroom flat […]

    / May 16, 2006 at 5:21 PM
  • real estate, SL Green Realty

    Keeping It in the Family

    Nepotism has a long and storied tradition on Wall Street. From John Pierpont Morgan to Sanford I. Weill, handing jobs and entire businesses to immediate family members is as much a part of working at the highest levels of American business as wearing monogrammed French cuffs and having at least three layers of administrative assistants […]

    / Apr 19, 2006 at 12:15 PM
  • Donald Trump, real estate

    We Report; You Deride: Trump Mortgage Opens

    [Editor’s Note: Trump Mortgage opened for business last week and we sent DealBreaker correspondent John Carney to cover the event. His report: ] It’s 10:32 in the morning and I’m already late for my first assignment. Midtown traffic is at a standstill and I’m kicking myself for trying to take a cab up sixth avenue […]

    / Apr 10, 2006 at 10:06 AM
  • Donald Trump, real estate

    Trump Has Child; Trump Children Off 25% in Early Morning Trading

    I am working my sources to get this new spawn’s name and gender. But whoever and however it turns out to be, this brat will be delighted to read the media coverage of its birth and learn that its father viewed it first and foremost as an expression of virility: “I continue to stay young, […]

    / Mar 20, 2006 at 9:37 AM
  • real estate

    California Town to Be Resold on eBay

    Bruce Krall bought the twenty-five person hamlet of Bridgeville, California two years ago off of eBay for $700,000. On April 4 he will attempt to resell it on the auction site with a minimum bid set at $1.75 million. The Associated Press reports: “Krall said he’s invested “multiple hundreds of thousands of dollars” to restore […]

    / Mar 20, 2006 at 8:47 AM

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